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← HAMPTON ROADS ECONOMIC DEVELOPMENT ALLIANCE

Form 990 for tax year 2023

Filed by HAMPTON ROADS ECONOMIC DEVELOPMENT ALLIANCE.

Totals

Total revenue
$3,575,930
Total expenses
$4,145,174
Contributions and grants received
$3,515,397
Grants paid
$0
Program service revenue
$35,552
Investment income
$24,981
Other revenue
$0
Total assets, end of year
$4,121,084
Total liabilities, end of year
$285,202
Net assets or fund balances, end of year
$3,835,882
Program services expenses (Part IX)
$3,494,425
Management and general expenses
$407,025
Fundraising expenses
$243,724
Program service expenses (Part III)
$3,494,425

Program services were 84.3% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • DOUGLAS L SMITH

    PRESIDENT &

    Total calculated
    $487,638
    From this org
    $403,171
    From related orgs
    $0
    Other
    $84,467
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $326,767
    Bonus
    $63,654
    Other
    $12,750
    Deferred
    $44,784
    Nontaxable benefits
    $39,683
    Filer's total
    $487,638

  • JARED CHALK

    CHIEF BUS. D

    Total calculated
    $204,868
    From this org
    $187,182
    From related orgs
    $0
    Other
    $17,686
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $182,957
    Bonus
    not reported
    Other
    $4,225
    Deferred
    $1,780
    Nontaxable benefits
    $15,906
    Filer's total
    $204,868

  • STEVE HARRISON

    COO

    Total calculated
    $166,918
    From this org
    $153,023
    From related orgs
    $0
    Other
    $13,895
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $153,023
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    $13,895
    Filer's total
    $166,918

  • KEITH VANDERVENNET

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • BILL ERMATINGER

    PAST CHAIR

    Total calculated
    $0
    Hours/week
    1

  • DIANE LEOPOLD

    TREASURER

    Total calculated
    $0
    Hours/week
    0.3

  • KENNETH C ALEXANDER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.3

  • SHAWN AVERY

    EX-OFFICIO

    Total calculated
    $0
    Hours/week
    0.3

  • BUFFY BAREFOOT

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.3

  • MARY BUNTING

    EX-OFFICIO

    Total calculated
    $0
    Hours/week
    0.3

  • ROBERT DUVALL

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.3

  • ROBERT M DYER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.3

  • NANCY GRDEN

    EX-OFFICO

    Total calculated
    $0
    Hours/week
    0.3

  • RICHARD DICK GRICE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.3

  • PHILLIP JONES

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.3

  • FLORENCE KINGSTON

    EX-OFFICO

    Total calculated
    $0
    Hours/week
    0.3

  • AUBREY LAYNE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.3

  • DOUGLAS PONS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.3

  • DONNIE TUCK

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.3

  • RICHARD W WEST

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.3

  • DARRELL WILLIAMS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.3

  • JAMES WOOD

    EX-OFFICO

    Total calculated
    $0
    Hours/week
    0.3

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2023
Filed
30 October 2024
IRS schema version
2023v5.0
Source object
202413189349301506

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